IFV First Trust Dorsey Wright International Focus 5

First Trust Advisors L.P. (“FTA”) announces the declaration of distributions for 85 of 94 exchange-traded funds advised by FTA.

The following dates apply to today’s distribution declarations:

        Expected Ex-Dividend Date:     December 23, 2014 Record Date: December 26, 2014 Payable Date: December 31, 2014                        

Ticker

Exchange

Fund Name

Ordinary

Special

Short-Term

Frequency

Income

Distribution

Capital Gain

Per Share

Per Share

Per Share

Amount

Amount

Amount

ACTIVELY MANAGED EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund III FPE NYSE Arca First Trust Preferred Securities and Income ETF Monthly $0.2131 FMB NASDAQ First Trust Managed Municipal ETF Monthly $0.1150 FTLS NYSE Arca First Trust Long/Short Equity ETF Quarterly $0.1252 $0.0200 FEMB NASDAQ First Trust Emerging Markets Local Currency Bond ETF Monthly $0.2100   First Trust Exchange-Traded Fund IV EMLP NYSE Arca First Trust North American Energy Infrastructure Fund Quarterly $0.2338 HYLS NASDAQ First Trust Tactical High Yield ETF Monthly $0.2400 $0.1400 FTSL NASDAQ First Trust Senior Loan Fund Monthly $0.1500 $0.0560 FDIV NASDAQ First Trust Strategic Income ETF Monthly $0.1600 FTSM NASDAQ First Trust Enhanced Short Maturity ETF Monthly $0.0200 $0.0200 LMBS NASDAQ First Trust Low Duration Mortgage Opportunities ETF Monthly $0.1275   First Trust Exchange-Traded Fund VI FTHI NASDAQ First Trust High Income ETF Monthly $0.0850 FTLB NASDAQ First Trust Low Beta Income ETF Monthly $0.0650   INDEX EXCHANGE-TRADED FUNDS   First Trust Exchange-Traded Fund FDM NYSE Arca First Trust Dow Jones Select MicroCap Index Fund Quarterly $0.0641 FDL NYSE Arca First Trust Morningstar Dividend Leaders Index Fund Quarterly $0.2164 FPX NYSE Arca First Trust US IPO Index Fund Quarterly $0.1113 FTCS NASDAQ First Trust Capital Strength ETF Quarterly $0.3150 FVI NYSE Arca First Trust Value Line® Equity Allocation Index Fund Quarterly $0.0873 FVD NYSE Arca First Trust Value Line® Dividend Index Fund Quarterly $0.1550 FRI NYSE Arca First Trust S&P REIT Index Fund Quarterly $0.2194 FIW NYSE Arca First Trust ISE Water Index Fund Quarterly $0.0553 FCG NYSE Arca First Trust ISE-Revere Natural Gas Index Fund Quarterly $0.0595 FNI NYSE Arca First Trust ISE Chindia Index Fund Quarterly $0.0460 FVL NYSE Arca First Trust Value Line® 100 Exchange-Traded Fund Quarterly $0.0240 QQEW NASDAQ First Trust NASDAQ-100 Equal Weighted Index Fund Quarterly $0.1453 QTEC NASDAQ First Trust NASDAQ-100-Technology Sector Index Fund Quarterly $0.3185 QCLN NASDAQ First Trust NASDAQ® Clean Edge® Green Energy Index Fund Quarterly $0.0497 QABA NASDAQ First Trust NASDAQ® ABA Community Bank Index Fund Quarterly $0.1385 VIXH NYSE Arca First Trust CBOE® S&P 500® VIX® Tail Hedge Fund Quarterly $0.1056 QQXT NASDAQ First Trust NASDAQ-100 Ex-Technology Sector Index Fund Quarterly $0.0339 FBT NYSE Arca First Trust NYSE Arca Biotechnology Index Fund Quarterly $0.0524   First Trust Exchange-Traded Fund II FDD NYSE Arca First Trust STOXX® European Select Dividend Index Fund Quarterly $0.0655 FFR NYSE Arca First Trust FTSE EPRA/NAREIT Developed Markets Real Estate Index Fund Quarterly $0.7342 FGD NYSE Arca First Trust Dow Jones Global Select Dividend Index Fund Quarterly $0.4014 FAN NYSE Arca First Trust ISE Global Wind Energy Index Fund Quarterly $0.1459 FLM NYSE Arca First Trust ISE Global Engineering and Construction

Index Fund

Quarterly $0.1067 GRID NASDAQ First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund Quarterly $0.0312 BICK NASDAQ First Trust BICK Index Fund Quarterly $0.1401 CU NASDAQ First Trust ISE Global Copper Index Fund Quarterly $0.1710 FONE NASDAQ First Trust NASDAQ CEA Smartphone Index Fund Quarterly $0.0444 CARZ NASDAQ First Trust NASDAQ Global Auto Index Fund Quarterly $0.2026 SKYY NASDAQ First Trust ISE Cloud Computing Index Fund Quarterly $0.0309 PLTM NASDAQ First Trust ISE Global Platinum Index Fund Quarterly $0.1743 FPXI NASDAQ First Trust International IPO ETF Quarterly $0.0109   First Trust Exchange-Traded Fund VI MDIV NASDAQ Multi-Asset Diversified Income Index Fund Monthly $0.1208 TDIV NASDAQ First Trust NASDAQ Technology Dividend Index Fund Quarterly $0.2184 YDIV NASDAQ International Multi-Asset Diversified Income Index Fund Monthly $0.1351 RDVY NASDAQ First Trust NASDAQ Rising Dividend Achievers ETF Quarterly $0.1375 AIRR NASDAQ First Trust RBA American Industrial Renaissance® ETF Quarterly $0.0302 FV NASDAQ First Trust Dorsey Wright Focus 5 ETF Quarterly $0.0194 QINC NASDAQ First Trust RBA Quality Income ETF Quarterly $0.1457 IFV NASDAQ First Trust Dorsey Wright International Focus 5 ETF Quarterly $0.0390   First Trust Exchange-Traded AlphaDEX® Fund FEX NYSE Arca First Trust Large Cap Core AlphaDEX® Fund Quarterly $0.2076 FNX NYSE Arca First Trust Mid Cap Core AlphaDEX® Fund Quarterly $0.1557 FYX NYSE Arca First Trust Small Cap Core AlphaDEX® Fund Quarterly $0.1056 FTA NYSE Arca First Trust Large Cap Value AlphaDEX® Fund Quarterly $0.2399 FTC NYSE Arca First Trust Large Cap Growth AlphaDEX® Fund Quarterly $0.1662 FAB NYSE Arca First Trust Multi Cap Value AlphaDEX® Fund Quarterly $0.2049 FAD NYSE Arca First Trust Multi Cap Growth AlphaDEX® Fund Quarterly $0.1106 FXD NYSE Arca First Trust Consumer Discretionary AlphaDEX® Fund Quarterly $0.0792 FXG NYSE Arca First Trust Consumer Staples AlphaDEX® Fund Quarterly $0.1123 FXN NYSE Arca First Trust Energy AlphaDEX® Fund Quarterly $0.1074 FXO NYSE Arca First Trust Financials AlphaDEX® Fund Quarterly $0.1177 FXR NYSE Arca First Trust Industrials/Producer Durables AlphaDEX® Fund Quarterly $0.1594 FXZ NYSE Arca First Trust Materials AlphaDEX® Fund Quarterly $0.2410 FXU NYSE Arca First Trust Utilities AlphaDEX® Fund Quarterly $0.1872 FXL NYSE Arca First Trust Technology AlphaDEX® Fund Quarterly $0.1174 FNY NYSE Arca First Trust Mid Cap Growth AlphaDEX® Fund Quarterly $0.0299 FNK NYSE Arca First Trust Mid Cap Value AlphaDEX® Fund Quarterly $0.1274 FYT NYSE Arca First Trust Small Cap Value AlphaDEX® Fund Quarterly $0.0889 FMK NYSE Arca First Trust Mega Cap AlphaDEX® Fund Quarterly $0.0921 FYC NYSE Arca First Trust Small Cap Growth AlphaDEX® Fund Quarterly $0.0078   First Trust Exchange-Traded AlphaDEX® Fund II FBZ NYSE Arca First Trust Brazil AlphaDEX® Fund Quarterly $0.0727 FDT NYSE Arca First Trust Developed Markets Ex-US AlphaDEX® Fund Quarterly $0.2731 FEM NYSE Arca First Trust Emerging Markets AlphaDEX® Fund Quarterly $0.0646 FEP NYSE Arca First Trust Europe AlphaDEX® Fund Quarterly $0.1750 FLN NYSE Arca First Trust Latin America AlphaDEX® Fund Quarterly $0.1255 FPA NYSE Arca First Trust Asia Pacific Ex-Japan AlphaDEX® Fund Quarterly $0.8403 FCAN NYSE Arca First Trust Canada AlphaDEX® Fund Quarterly $0.4922 FAUS NYSE Arca First Trust Australia AlphaDEX® Fund Quarterly $0.6028 FKU NYSE Arca First Trust United Kingdom AlphaDEX® Fund Quarterly $0.1684 FHK NYSE Arca First Trust Hong Kong AlphaDEX® Fund Quarterly $0.1739 FDTS NYSE Arca First Trust Developed Markets ex-US Small Cap

AlphaDEX® Fund

Quarterly $0.3512 FEMS NYSE Arca First Trust Emerging Markets Small Cap AlphaDEX® Fund Quarterly $0.4388 FJP NYSE Arca First Trust Japan AlphaDEX® Fund Quarterly $0.1685 FEUZ NASDAQ First Trust Eurozone AlphaDEX® ETF Quarterly $0.0068

First Trust Advisors L.P., the Funds’ investment advisor, along with its affiliate, First Trust Portfolios L.P., are privately-held companies which provide a variety of investment services, including asset management and financial advisory services, with collective assets under management or supervision of approximately $105 billion as of November 30, 2014, through unit investment trusts, exchange-traded funds, closed-end funds, mutual funds and separate managed accounts.

You should consider the investment objectives, risks, charges and expenses of a Fund before investing. Prospectuses for the Funds contain this and other important information and are available free of charge by calling toll-free at 1-800-621-1675 or visiting www.ftportfolios.com. A prospectus should be read carefully before investing.

Past performance is no assurance of future results. Principal Risk Factors: A Fund’s shares will change in value, and you could lose money by investing in a Fund. An investment in a Fund involves risk similar to those of investing in any fund of equity securities traded on exchanges. The risks of investing in each Fund are spelled out in its prospectus, shareholder report, and other regulatory filings.

A Fund that is concentrated in securities of companies in a certain sector or industry involves additional risks, including limited diversification. A Fund which invests in foreign securities may be subject to additional risks not associated with domestic securities. Such risks may be heightened in the case of securities of emerging markets countries. An Index ETF seeks investment results that correspond generally to the price and yield of an index. You should anticipate that the value of an Index Fund’s shares will decline, more or less, in correlation with any decline in the value of the index. An Index Fund’s return may not match the return of the index. Unlike a Fund, the indices do not actually hold a portfolio of securities and therefore do not incur the expenses incurred by a Fund.

An actively managed ETF is subject to management risk because it is an actively managed portfolio. In managing such a Fund’s investment portfolio, the portfolio managers will apply investment techniques and risk analyses that may not have the desired result. There can be no guarantee that a Fund will meet its investment objective. Preferred Securities are subject to credit risk, interest rate risk and income risk. Credit Risk may be heightened if a Fund invests in “high yield” or “junk” debt. The First Trust Senior Loan Fund is subject to credit risk, currency risk, high yield securities risk, interest rate risk, prepayment risk and senior loans risk. The First Trust Tactical High Yield ETF is subject to convertible bonds risk, credit risk, distressed securities risk, high yield securities risk, interest rate risk, loans risk, prepayment risk and short sale risk. The First Trust Preferred Securities and Income ETF is subject to financial company risk, high yield securities risk, income risk, preferred securities risk and REIT risk. The First Trust High Income ETF is subject to cash transaction risk, depositary receipts risk, derivatives risk, market risk, new fund risk, diversification risk, and non-U.S. securities risk. The First Trust Low Beta Income ETF is subject to cash transaction risk, depositary receipts risk, derivatives risk, market risk, new fund risk, non-diversification risk and non-U.S. securities risk. The First Trust North American Energy Infrastructure Fund is subject to concentration risk, currency risk, depositary receipts risk, derivatives risk, energy infrastructure company risk, geographic risk, interest rate risk, MLP risk, non-diversification risk, and non-U.S. securities risk. The First Trust Managed Municipal ETF is subject to alternative minimum tax risk, call risk, cash transaction risk, credit risk, high yield securities risk, income risk, municipal lease obligation risk, non-diversification risk, political and economic risk, tax risk, and zero coupon bonds risk. The First Trust Enhanced Short Maturity ETF is subject to risk associated with investing in mortgage-related and other asset back securities, interest rate risk, prepayment risk, credit risk, call risk, cash transaction risk, fixed income securities risk, floating rate loan risk, income risk, investment company risk, new fund risk, non-U.S. securities risk, and volatility risk. The First Trust Strategic Income ETF is subject to covered call risk, credit risk, currency risk, depositary receipts risk, derivatives risk, energy infrastructure companies risk, equity securities risk, financial companies risk, fixed income risk, high yield securities risk, illiquid securities risk, income risk, interest rate risk, investment companies risk, MLP risk, mortgage securities risk, emerging markets risk, preferred securities risk, senior loan risk, and smaller companies risk. The First Trust Low Duration Mortgage Opportunities ETF is subject to cash transaction risk, counterparty risk, credit risk, high yield securities risk, illiquid securities risk, income risk, interest rate risk, management risk, market risk, mortgage-related investments risk, new fund risk, non-diversification risk, prepayment risk, repurchase agreement risk, short sales risk and U.S. government and agency securities risk. The First Trust Emerging Markets Local Currency Bond ETF is subject to call risk, cash transactions risk, credit risk, currency exchange rate risk, currency risk, derivatives risk, emerging markets risk, global depositary notes risk, high yield securities risk, illiquid securities risk, income risk, interest rate risk, management risk, market risk, new fund risk, non-diversification risk, non-U.S. securities risk and sovereign debt risk.

Investors buying or selling Fund shares on the secondary market may incur brokerage commissions. Investors who sell Fund shares may receive less than the share’s net asset value. Unlike shares of open-end mutual funds, investors are generally not able to purchase Fund shares directly from the Fund and individual shares are not redeemable. However, specified large blocks of shares called “creation units” can be purchased from, or redeemed to, the Fund.

First Trust Advisors L.P.Press Inquiries:Ryan Issakainen, 630-765-8689orBroker Inquiries:Sales Team, 866-848-9727orAnalyst Inquiries:Stan Ueland, 630-517-7633